re: Social Security won’t be able to pay full benefits by 2034. Now there’s renewed pressure

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Same people saying we need a fix are also the ones who shitcanned W’s proposed fix nearly 20 years ago.

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If it had a regulated privatization option, rate of return would have been in the 9% per year and those who took the private option would be sitting on several times the funding. Of course, the DC Swamp can't give up their effectively negative interest rate payroll slush fund.

Imagine where the returns would be today had the regulated private option had taken place in 2009 and 2010 when much of the market was in the pits. There would be no problem now in that case. Of course, knowing the stupidity of too many in Congress they would probably buy high and sell low.